Fraud has moved far beyond the days of passing bad checks and rigging ledger books, both in its volume and sophistication. In the hands of determined hackers, high tech stoops to low levels that threaten everyone, financial institutions and customers alike. Yet banks can build robust defenses into the foundation of all they do and stay steps ahead of even the most determined thieves.
Alisdair Faulkner, chief identity officer, Business Services at LexisNexis Risk Solutions, shares how banks can balance the customer's need for speed and friction-free service with sophisticated fraud protection.
